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by Mike Vestil 

financial planner

A financial planner or personal financial planner is a professional who prepares financial plans for people. These financial plans often cover cash flow management, retirement planning, investment planning, financial risk management, insurance planning, tax planning, estate planning and business succession planning (for business owners).


Financial planners are experts in the field of personal finance who help individuals manage their finances. They work to develop strategies and plans to help their clients reach their financial goals, such as buying a home, saving for retirement, or protecting assets from taxes and other liabilities.

The life cycle of financial planning is an important aspect of any long-term strategy. The process typically begins with assessing an individual’s current financial situation, including income and expenses, debt, assets, liabilities, and investments. Once this baseline has been established, a plan is created that outlines the steps needed to reach desired targets such as retirement income goals or estate planning objectives.

In addition to helping assess an individual’s current financial state, a financial planner can provide guidance on investment options and strategies for maximizing returns while reducing risk. Financial planners may also advise clients on savings and spending habits designed to meet short-term needs as well as longer-term goals. They may also recommend specific products such as mutual funds or insurance policies to help achieve those goals.

A key part of life planning with a financial professional is developing an estate plan that reflects the client’s wishes regarding what will happen with their assets after death. This plan should be revisited periodically throughout life in order to adjust for changes in circumstances or the law. A comprehensive estate plan could reduce taxable liabilities and provide more security for loved ones after death by avoiding unnecessary probate costs and delays in settling estates.

Financial planners often help individuals create budgeting plans to ensure all short-term obligations can be met while still keeping money aside for long-term savings goals. With proper budgeting advice from a planner, individuals can potentially save enough money each month to fund a comfortable retirement or pay off debts sooner than expected.

When it comes down to it, life planning involves making decisions about how best to allocate resources now so you can achieve your desired outcomes later—whether that’s having enough saved up for college tuition or enjoying more freedom during retirement years without worrying about running out of money too soon. Working with a qualified financial planner is one way to get sound advice about how best to manage your finances over time and make wise choices so you can build wealth effectively now and into the future.


A financial planner is an individual who helps people plan and manage their financial lives. Financial planners provide advice on a variety of topics, including budgeting, saving, investing, retirement planning, insurance, college savings plans and more. They can also provide advice on estate planning and tax preparation.

Financial planners typically work with individuals and families to assess their goals and resources and devise a plan to meet them. The goal of this plan is to ensure that a person’s current financial situation and future objectives are in line with each other. A financial planner should be knowledgeable in areas such as investments, taxes and estate planning so they can advise clients on the best strategies for meeting their goals. These professionals may also assist in the implementation of these strategies over time by providing ongoing guidance regarding goal progress or changes in the client’s circumstances.

Company is a premier provider of comprehensive financial planning services for individuals, families and businesses. Their team of experienced Certified Financial Planners™ works closely with clients to identify their needs and develop personalized solutions that are tailored to their lifestyle, values and goals. Company prides itself on offering personalized wealth management services that are designed to help their clients achieve long-term success while mitigating risk through diversification strategies.

Company’s advisors draw upon knowledgeable experience when recommending investments in stocks, mutual funds, bonds ETFs (exchange traded funds) commodities alternatives like real estate & private equity as well as cash management accounts such as money market funds & CDs (certificate of deposits). To provide further guidance into insurance matters & retirement plans such as 401(k)s & IRAs (Individual Retirement Accounts), they offer specialized expertise provided by specialists on staff or through partnerships with leading industry professionals.

The company provides education materials & workshops which include seminars & webinars related to topics such as investing for retirement , asset allocation , budgeting , debt management & understanding Social Security benefits . They have also developed a full range of investment options from which clients can choose appropriate products from various asset classes . In addition , Company offers personalized one-on-one advice from experienced advisors who bring years of experience to every engagement . Through this approach , clients have access to real-time updates on portfolio performance , research reports , market commentary & insights from leading industry experts .

By leveraging the latest technologies coupled with years of knowledge & expertise , Company provides its clients with comprehensive wealth management solutions that are tailored specifically to meet the unique needs of each individual or family . The company’s commitment to excellence ensures that its clients will receive high quality service along with peace of mind knowing that their finances are secure .

Poltical Position

Financial planners are certified professionals who offer advice on managing money, including investments, taxes, retirement planning, and other wealth management strategies. Financial planning is a complex process that requires balancing the needs of individual clients and their families with their overall financial goals. As such, it is important for financial planners to understand the various political positions held by their clients in order to provide sound recommendations that are in line with those values.

When providing financial advice, a financial planner must take into consideration an individual’s political views. This may include both domestic and international policies or issues that have a direct impact on the client’s finances. For instance, if a client holds a socially conservative belief system, they may be opposed to government mandated taxation or government-sponsored welfare programs such as Social Security. In this case, the financial planner should recommend strategies that do not involve any form of government intervention in the finances of the client.

For clients who hold progressive political views, they may be more likely to support social benefits programs such as universal healthcare and increased public funding for infrastructure projects. Financial planners need to take these views into account when crafting a plan for them. They should be able to find ways to invest in companies and products that benefit from these programs without going against the client’s core beliefs about how money should be managed.

In addition, financial planners must also consider international politics when creating plans for their clients. For example, if a client has investments in another country with economic sanctions imposed against it by their home country, then the planner needs to make sure all transactions comply with those restrictions. Understanding the nuances of various policies can help protect the clients from accidentally breaking laws or getting involved in unethical practices without their knowledge or consent.

By understanding their clients’ political positions, financial planners can ensure they are providing good advice while still taking into account any moral or ethical concerns they may have about particular investment opportunities or strategies. It is important for financial planners to remain impartial when discussing politics and focus on helping their clients manage their finances responsibly so they can reach their long-term goals regardless of what political beliefs they hold personally.


Financial planners play an important role in helping people plan their philanthropic giving. By investing in causes and charities, individuals can help award funding to organizations that are working towards meaningful goals, while also achieving rewarding tax benefits.

In recent years, more financial advisors have begun to specialize in what is known as “philanthropic planning.” Financial advisors who practice philanthropic planning assist individuals or families in identifying charitable organizations that align with their values and interests, developing a long-term strategy for contributing to these causes, and provide guidance on how best to structure gifts for maximum impact.

Financial advisors typically work with clients to develop a customized philanthropic plan tailored to the individual’s financial situation, desired outcomes and timeframe for donations. Depending on the size of the gift, many financial advisor firms offer assistance with due diligence services such as researching potential recipients and tracking donation progress over time. Additionally, some advisors may provide assistance with grant writing or other related services.

Financial planners can also help clients navigate the various types of gifting vehicles that exist within philanthropy such as charitable trusts, private foundations and donor advised funds (DAFs). Through these various gifting vehicles donors are able to make contributions more efficiently while leveraging the tax advantages available through charitable giving. It is important to note that setting up certain gifting plans may require additional legal advice or professional management services so it is wise for donors to seek out the advice of their financial advisor before making any decisions regarding their philanthropic plans.

Finally, financial planners can help individuals develop a comprehensive estate plan with considerations for both financial needs and philanthropic intent throughout their lifetimes and beyond into future generations. Philanthropy can be seen not only as an act of generosity but also as a legacy building opportunity for individuals who wish to make an impact long after they have passed away.

Overall, it is important for those seeking professional guidance on how best to manage their wealth from a charitable perspective to seek out the advice of a qualified financial planner who specializes in philanthropy planning. A good financial planner will be able to assess each individual’s goals and provide guidance on how best to leverage resources in order to achieve the desired outcome.


Financial planners are professionals who provide guidance and advice to individuals who need assistance with managing their finances. One important aspect of a financial planner’s job is to ensure that their clients are well-informed about the various types of investments, savings options and other financial topics. Books can be an essential part of a financial planner’s toolbox, providing them with the necessary resources to help their clients make sound decisions regarding their current and future finances.

The number of books available on personal finance and investing has grown exponentially over the past few decades and there are now many excellent titles for financial planners to choose from. A good starting point for any new or experienced financial planner is The Bogleheads’ Guide to Investing by Taylor Larimore, Mel Lindauer and Michael LeBoeuf. This comprehensive guide provides an in-depth look into the basics of investing and asset allocation, as well as more advanced topics such as tax-advantaged investing, diversification strategies and retirement planning.

Another highly recommended book is The Intelligent Investor by Benjamin Graham. First published in 1949, this groundbreaking text continues to remain relevant today due to its timeless insight into stock market speculation, value investing principles and portfolio management techniques. Warren Buffett once said “If you read [this book] carefully, you will be better prepared to make intelligent investment commitments” — further proving its lasting value for investors of all skill levels.

Additional helpful books include The Little Book of Common Sense Investing by John C. Bogle; I Will Teach You To Be Rich by Ramit Sethi; Personal Finance For Dummies by Eric Tyson; Financial Freedom: A Proven Path To All The Money You Will Ever Need by Grant Sabatier; Rich Dad Poor Dad by Robert Kiyosaki; Your Money or Your Life by Vicki Robin & Joe Dominguez; Think & Grow Rich by Napoleon Hill; The Millionaire Next Door by Thomas J. Stanley & William Danko; Smart Women Finish Rich by David Bach; Start Late, Finish Rich: A No-Fail Plan For Achieving Financial Freedom At Any Age By David Bach; and Investment Strategies For Retirement Planning: A Comprehensive Guide To Building And Protecting Your Wealth By Harold Evensky & Deena Katz.

In conclusion, there is no shortage of great books out there for financial planners looking to stay up-to-date on the latest trends in personal finance and investments. While some books may have more pertinent information than others depending on a person’s specific goals or interests, these resources can provide invaluable insight for both experienced advisors as well as those just starting out in the field of financial planning.

Personal Life

Financial planners have a range of duties and responsibilities, most of which are related to helping individuals and families with their financial goals. These goals can include budgeting, investing, retirement planning, estate planning, risk management, tax planning and more. Financial planners also provide guidance on topics such as debt management and insurance coverage.

In addition to the professional aspects of their job, financial planners may also have an important personal life. This includes relationships with family and friends, leisure activities outside of work, hobbies or other interests that help them achieve a balance between their professional and personal lives. For instance, some financial planners may find it beneficial to join a book club to focus on a hobby or an educational organization to gain knowledge outside the field of finance.

Financial planners often find that developing strong relationships with colleagues helps them be successful in their jobs. Networking can often help financial planners meet new clients or develop professional connections with other professionals in the industry. Additionally, many financial planners are active members in professional organizations such as the Financial Planning Association (FPA). By joining these groups they can stay up-to-date on the latest developments in the industry and share best practices with others who face similar challenges.

In order to maintain a healthy balance between their personal and professional lives, many financial planners dedicate time for self-care. This could involve engaging in physical activities such as running or yoga; getting enough rest; incorporating meditation into daily routines; maintaining meaningful relationships; or simply taking regular breaks throughout the day to recharge and reset mentally.

Financial planning is both rewarding and challenging but having a good personal life is key in staying balanced while achieving success professionally. By taking care of themselves personally as well as professionally ,financial planners can lead satisfying lives both inside and outside the office .


Financial planners have been the subject of controversy for decades. There are a number of reasons why the industry has attracted criticism, ranging from perceived conflicts of interest and lack of regulation to ethical concerns and fraud.

Conflicts of Interest

One major source of contention surrounding financial planners is their potential for conflicts of interest. Many financial planners offer commission-based compensation schemes, where they receive a percentage of the fees they can charge clients for selling certain products or services. This creates an incentive to recommend products that may not be in the best interest of their client’s long-term financial health, as they could make more money in the short term by selling more expensive products and services with higher commissions attached.

Additionally, many financial planners invest their own money alongside clients’, which makes them partners in any investments made on behalf of clients and potentially exposes them to greater risks if investments falter. To avoid this conflict, some firms have adopted fee-only models which allow them to act as unbiased advisors who do not benefit financially from any investments recommended to clients.

Lack of Regulation & Oversight

Another issue with financial planning is lack of regulation and oversight. The industry is largely self-regulated and it is up to individual companies to ensure that their practices adhere to ethical standards. Furthermore, many countries do not set educational or licensing requirements for those practicing financial planning, meaning that anyone can call themselves a “financial planner” without formal qualifications or experience. This can lead to instances where inexperienced individuals advise clients on matters they do not fully understand or cannot accurately evaluate due to lack of relevant knowledge or expertise . As a result, there have been cases where investors have lost significant amounts through unwise investments recommended by a professional whom they trusted.

Ethical Concerns & Fraud

The ethical implications inherent in advice given by financial planners has also been subject to debate and criticism over the years. Financial advice does not always follow what would be considered morally responsible behavior but rather focuses on maximizing returns for investors regardless of social consequences . For example, many wealthy individuals hire private bankers who specialize in aggressive tax avoidance schemes which could be seen as unethical despite being technically legal . Similarly, there have been occasions where unscrupulous financial planners have taken advantage of vulnerable people with little understanding about finance or investment who believe they are receiving sound advice when this may not actually be the case .

In addition to ethical issues surrounding advice offered by some professionals within the industry, there have also been numerous cases over recent years involving fraud committed by financial planners. In some instances these were outright scams such as fraudulent investment schemes while in other cases it was simply cases where misleading advice was given which resulted in substantial losses being incurred by unsuspecting investors. As such there is an urgent need for increased regulation and oversight within the industry in order to protect consumers from unscrupulous advisors as well as minimize any potential conflicts arising from existing commission-based payment structures .

Recognition / Awards

Financial planners are professionals who specialize in providing financial advice and services to individuals, families and businesses. They have become increasingly popular since the 2008 financial crisis, as people have become more aware of the importance of managing their finances. Financial planners develop strategies that help clients achieve their short-term and long-term goals such as saving for retirement or college tuition. They offer advice on budgeting, investment selection, insurance decisions and other related topics.

Recognition / Awards

Financial planners can receive recognition and awards for their accomplishments in the field of financial planning. The Certified Financial Planner (CFP) designation is one of the most esteemed credentials within the profession. It signifies competency in areas such as estate planning, retirement income planning, investments, taxes, risk management and insurance. Many professional associations also award certificates or other forms of recognition for those who demonstrate success in certain areas of financial planning.

In addition to professional certifications and awards, many financial planners also receive recognition from their peers through industry awards recognizing excellence in various aspects of their work such as client service or innovative strategies. Industry publications may also issue distinctions such as “Financial Planners of the Year” or “Top 40 Under 40” which recognize those making significant contributions to the profession.

At a local level, some cities may hold annual competitions where independent financial advisors compete against each other to win awards based on customer satisfaction surveys or other criteria established by judges. This can provide an opportunity for experienced advisors to gain additional recognition for their work locally or even nationally if they win a major competition with prizes that span beyond a particular city boundary.

The recognition and awards received by a financial planner can be valuable both personally and professionally for gaining credibility among peers, employers and potential clients alike. While awards do not guarantee performance results, they do reflect a high level of commitment to education and mastery within the field of financial planning which should not go unrecognized!


A financial planner is an individual who provides advice to their clients on financial matters. These professionals are generally licensed and knowledgeable in the areas of estate planning, tax planning, investment management, retirement planning, insurance, and risk management. They use their expertise to help individuals and families manage their finances to reach their goals.

Financial planners are responsible for helping individuals make informed decisions regarding their money; they assess clients’ current financial situation, develop a plan tailored to those needs and provide guidance on how best to achieve short-term and long-term objectives. Financial planners often consult with other professionals such as accountants and attorneys when preparing a comprehensive financial plan.

The most important factor in selecting a financial planner is trust; it is essential that clients feel comfortable discussing personal matters with their planner. It is also important to consider the costs of services – many financial planners charge a fee for their services or receive commissions from the products they sell. Additionally, potential clients should research the background of any potential planner to ensure that he or she has the necessary credentials and experience for the job.

Financial planning can be useful for individuals at all stages of life including those starting out, saving for retirement or college education funds, or those nearing retirement age who need help assessing their post-career income sources. Financial planners can provide valuable advice on budgeting strategies; help determine appropriate investments; review insurance policies; create successful estate plans; advise on tax issues associated with various types of investments; suggest Social Security options; review long-term care options; assist with debt consolidation plans; analyze college funding options such as 529 plans or Coverdell Education Savings Accounts (ESAs); evaluate pension benefits; and develop strategies for asset protection.

In addition to providing information about specific aspects of finances, financial planners can also educate people about personal finance topics such as budgeting basics, debt management techniques and investing fundamentals. This type of education can be especially helpful for those just beginning their careers or entering into new chapters in life such as marriage or parenthood.

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About the author 

Mike Vestil

Mike Vestil is the author of the Lazy Man's Guide To Living The Good Life. He also has a YouTube channel with over 700,000 subscribers where he talks about personal development and personal finance.

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